directv had balked after viacom demanded a 30% jump in pay for its channels. the companies didn't put a number on today's seven-year deal, but insiders estimate those fees will rise by 20%. >> susie: shares of both viacom and direct-tv were down on the news in sync with the downbeat mood on wall street toy. as we mentioned worries about europe's financial mess resurfaced today, overshadowing recent good news on corporate profits. today's selloff put a damper on the gains we've seen the last few sessions. for the week overall, each of the major averages saw their gains cut to less than 1%. many big name companies reporting earnings today. general electric. posted slightly better than expected profits, but results were still down from the same period last year. g.e. says solid demand in emerging markets and the u.s. helped offset weakne in europe. g.e. earned 38-cents a share, a penny ahead of expectations. general electric stock was up fractionally, close to $20 as shares try to find their footing since their peak in june. xerox also talked about europe, saying